Food Price Monitoring and Analysis (FPMA) Bulletin # 2, 11 March 2020

Year of publication2020

AuthorFAO

PublisherFAO

AbstractExport prices of wheat and maize generally declined in February amid well-supplied global markets and uncertainties about the impact of Coronavirus on global demand. By contrast, international prices of rice strengthened, on a combination of demand from Far Eastern and East African buyers and tight availabilities in some exporting countries. In Southern Africa, maize price increases eased reflecting improved prospects for the 2020 harvest, large import volumes and the effects of policies aimed at stabilizing prices. Prices, however, remained broadly higher, year on year, amid tight regional supplies. In East Africa, prices of coarse grains declined seasonally in most countries of the subregion in February as the recently completed second season harvests improved market supplies. By contrast, in the Sudan, prices continued to soar and reached record highs in February due to a below-average 2019 cereal output coupled with high production and transportation costs. In East Asia, prices of wheat flour in Pakistan declined from the record or near-record highs reached in January following Government measures and favourable production prospects for the about-to-start 2020 main season harvest.

 

Product typeJournal; magazine; bulletin

SeriesFood Price Monitoring and Analysis (FPMA)

RegionGlobal

ISSN2707-1960

Areas of workGlobal Information and Early Warning System

KeywordsFood prices; market prices; prices; retail prices; wholesale prices; early warning systems; world; cereals; maize; wheat; millets; rice.